hypnosec writes "BitInstant's CEO Charlie Shrem and Erik Voorhees were invited to speak about virtual currency at the NACHA (the North American Payments Association) Annual Global Payments Forum held in Rio de Janeiro. At the conference the duo stated that the world operates 'on an inferior monetary system'. One of the more interesting parts of the whole forum was how Bitcoin as a currency and transaction system "works within current legal frameworks." A presentation by Senior Legal Counsel to the Federal Reserve titled: 'The Implications of Dodd-Frank Section 1073' sheds light on requirements that need to be fulfilled by "Remittance Payment Company" (RPC) guidelines. This law requires such companies to disclose a lot of information about money transactions. This is where Bitcoin as a currency and system collide head-on with the law."

Logged in users have noticed for some time the request to drink from the Slashdot Firehose. Well now we're ready to start having everybody test it out. It's partially a collaborative news system, partially a redesigned & dynamic next-generation Slashdot index. It's got a lot of really cool features, and a lot of equally annoying new problems for us to find and fix for the next few weeks. I've attached a rough draft of the FAQ to the end of this article. A quick read of it will probably answer most questions from how it works, what all the color codes mean, to what we intend to do with it.

Citing the sheer potential of the title, EA executives John Riccitiello and Frank Gibeau stated in a conference call yesterday that Spore will not ship until it is finished. Next Generation reports: "'It's one of those breakthrough products that might come across the industry every three, five, seven years ... We could not be more bullish for the potential of the franchise as we are right now,' said Riccitiello. He said that he still expects the game to ship in the 'March, April, May' 2008 timeframe. However, Riccitiello said, 'We will make the choice of shipping a better game than an on-time game given the high potential for this franchise.'"

Arlen writes "As many as 17,000 people (according to police estimates) watched Senator Barack Obama officially announce his candidacy for President in Springfield, Illinois today. He mentioned several things that will interest readers of Slashdot. The Senator said he wanted to free America from 'the tyranny of oil' and went on to promote alternative energy sources such as ethanol — a popular stance in the Midwest where he announced, because of all the corn farmers. He also talked about using science and technology to help those with chronic diseases, which is likely to have been an allusion to his staunch support for stem cell research. Perhaps most of interest to readers here is the following statement halfway through Obama's speech: 'Let's invest in scientific research, and let's lay down broadband lines through the heart of inner cities and rural towns all across America. We can do that.' Like nearly everything in his speech, this was met with robust applause from the crowd. You can watch a video of the entire speech at Obama's website."

theodp writes "Microsoft has applied for a patent for 'securely providing advertising subsidized computer usage.' The application describes how face-recognition webcams and CAPTCHAs can be used in schools to ensure that computer users are paying attention to ads, and the recourse of 'disabling or even repossessing the computer' if they are not."